Oklahoma Educational Technology Tr
- Assets
- $43.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 30-6006962
Organization Overview
Oklahoma Educational Technology Tr is located in Oklahoma City, OK. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Educational Technology Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Oklahoma Educational Technology Tr generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Oklahoma Educational Technology Tr has awarded 220 individual grants totaling $13,708,704. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR THE PURCHASE, INSTALLATION, AND MAINTENANCE OF INFORMATION TECHNOLOGY IN THE COMMON AND CAREERTECH SCHOOLS OF THE STATE OF OKLAHOMA AND TO PROVIDE PROFESSIONAL DEVELOPMENT TO THE SCHOOLS TO ASSIST THEM WITH INTEGRATING THE TECHNOLOGY INTO THEIR CLASSROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHASE II GRANTS GAVE 21 SCHOOLS/DISTRICTS 40,000 EACH TO IMPROVE STUDENT ACHIEVEMENT BY DEVELOPING PROFESSIONAL LEARNING COMMUNITIES USING TECHNOLOGY AS A TOOL IN AUTHENTIC LESSONS. GRANT IMPACT IN 2023; 634 TEACHERS AND 9,263 STUDENTS.
PHASE II SCHOOLS/DISTRICTS ALSO RECEIVED PROFESSIONAL DEVELOPMENT VALUED AT 25,476 PER SCHOOL. THIS TRAINING FOCUSES ON THE SPECIFIC NEEDS OF THAT SCHOOL AND COMMUNITY. GRANT IMPACT IN 2023; 634 TEACHERS; 9,263 STUDENTS.
PHASE I GRANTS PROVIDED A ONE DAY LEADERSHIP SEMINAR THAT TRAINED SUPERINTENDENTS AND ADMINISTRATORS IN COMMON SCHOOLS IN THE 10 PRACTICES OF HIGH ACHIEVING SCHOOLS AND HOW TO INTEGRATE TECHNOLOGY SEAMLESSLY INTO THE SCHOOL'S CURRICULUM DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Abshere Trustee | Trustee | 1 | $0 |
Ann Bandy Vice Chair | OfficerTrustee | 1 | $0 |
Dr Phil Berkenbile Trustee | Trustee | 1 | $0 |
Carolyn Crowder Trustee | Trustee | 1 | $0 |
Pam Deering Trustee | Trustee | 1 | $0 |
Josh Mcfarland Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Communities Foundation Of Okla Inc Management | 12/30/23 | $185,000 |
Bancfirst Investment | 12/30/23 | $100,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,146,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,678,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,825,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,182,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $185,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,038 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $938 |
| Total functional expenses | $1,485,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,160 |
| Savings and temporary cash investments | $697,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,266,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,037,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $43,037,679 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,037,679 |
Grants Awarded
Over the last fiscal year, Oklahoma Educational Technology Tr has awarded $1,182,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OKLAHOMA PURPOSE: EDUCATION | $267,500 |
UNIVERSITY OF OKLAHOMA PURPOSE: EDUCATION | $75,000 |
LAFLORE PUBLIC SCHOOLS PURPOSE: EDUCATION | $40,000 |
CARNEGIE PUBLIC SCHOOLS PURPOSE: EDUCATION | $40,000 |
EMPIRE ELEMENTARY SCHOOL PURPOSE: EDUCATION | $40,000 |
TRUMAN ELEMENTARY NORMAN PURPOSE: EDUCATION | $40,000 |